PlainsCapital Bank National Warehouse Lending’s Post

There are two ways to do things: the right way and the way that gets you fired... In summary, BOB issued gold loans without collateral to meet targets. They subsequently blocked customer access to the funds temporarily. Backdating was used for repayment on the disbursement day, thereby avoiding interest charges. Processing fees were paid from the bank's own internal expense accounts Important to (a) Maintain balance between ambition and achievability during target setting (b) Incentivize on north star metrics than vanity metrics (c) Closed loop monitoring by a independent team (mostly finance/analysts)

Not all types of inventory are treated the same when being considered as collateral within a lending agreement. Neha Malhotra follows up a previous article on accounts receivable ineligibles to discuss types of ineligible inventory as well as how such inventory is appraised from a lending perspective. There is often a need for additional collateral when borrowers need additional availability on a line of credit. In such instances, inventory can become the natural lendable collateral after accounts receivable. As a note, bank lenders in particular look at inventory in conjunction with accounts receivable, often considering how “inventory reliant” a borrowing base structure can be when evaluating a credit risk profile. Read more: https://lnkd.in/eJPzKYpY #abfj #topstories #digitaledition #flipbook #inventory #fieldexaminer

Today, we’re talking about our streamlined closing process, where closing your loans is our top priority. Watch our latest In the Know with TPO video with Emily Warring to learn more. Not a partner? Sign up: https://lnkd.in/gcDMsBUi #PENNYMACTPO #IntheKnowTPO #WholesaleLending #MortgageBrokers  #Closing

You know what's pretty cool? Our buyer network has over $ 200 million in monthly capital availability to purchase non-performing loans. Couple this with our lightning-fast transaction speed (an ave of 18 days open auction to funds in the creditor's bank) and our pre and post-sale compliance controls (we've eliminated post-sale consumer and brand risk in the debt sales space), and you have a bullet-proof solution for turning bad loans into working capital when you need it. If you could do with an influx of year-end cash, we have you covered.

Discover how a client of The Private Office (TPO) transformed their cash management with Flagstone International. Leveraging our platform, the client diversified across six banks, securing competitive rates and achieving a blended annualised return of 4.6%, resulting in almost £600,000 of additional annual interest. Robert Morse, Senior Partner and Chartered Financial Planner at The Private Office (TPO), states “We are very pleased with the level of service provided by Flagstone International. When we identified a client with non-UK connections and specific challenges regarding diversification and cash management which didn’t meet a traditional UK model, we knew Flagstone International was the right provider to help us resolve these issues.” Click on the image or link below to read the full client case study and learn how Flagstone International can help optimise returns, and achieve greater credit risk diversification. https://lnkd.in/eqUP58vj #CashManagement #FinancialSuccess #Diversification #FinancialPlanning

🎉 Exciting News from Sterling Commercial Credit! 🎉 We're thrilled to announce the successful closing of several significant deals, further showcasing our commitment to supporting businesses across various industries. 🔹 Recently, we closed a $40MM revolver for a company within the food industry. Teaming up with a reputable ABL financing company, we were able to secure the necessary financing to fuel their growth and success. 🔹 In another notable achievement, we facilitated a $1.9 million credit facility for a long-standing automotive parts manufacturing company. This revolver and term loan will provide essential growth capital and financial flexibility as they continue their expansion journey. 🔹 Additionally, we're proud to have closed a $4.5 million credit facility for a Chicagoland food producer and wholesaler. Our alternative financing solutions have empowered them with additional working capital to thrive in today's competitive market. At Sterling Commercial Credit, we're dedicated to helping businesses thrive by providing tailored financial solutions. Whether you're looking for working capital, growth financing, or other financial services, we're here to support you every step of the way. Visit our website or reach out to learn more about how our services can benefit your business! 💼💡 https://lnkd.in/d6XXtqiV #SterlingCommercialCredit #financingsolutions #businessgrowth #financialflexibility #assetbasedlending

Not all types of inventory are treated the same when being considered as collateral within a lending agreement. Neha Malhotra follows up a previous article on accounts receivable ineligibles to discuss types of ineligible inventory as well as how such inventory is appraised from a lending perspective. There is often a need for additional collateral when borrowers need additional availability on a line of credit. In such instances, inventory can become the natural lendable collateral after accounts receivable. As a note, bank lenders in particular look at inventory in conjunction with accounts receivable, often considering how “inventory reliant” a borrowing base structure can be when evaluating a credit risk profile. Read more: https://lnkd.in/eJPzKYpY #abfj #topstories #digitaledition #flipbook #inventory #fieldexaminer

Loan Offiers and Production Managers👇 Email or DM me if you would like to attend our next 💯 anonymous call and I will send you the link. Email Paul.chiasson@primelending.com Our LO Roundtable is a great way to learn about our culture, systems, technology and the impacts they have on our Loan Officers and their success. What do you have to lose?

The lending landscape is undergoing a groundbreaking makeover, thanks to the infusion of alternative data into its operational framework. Gone are the days when credit decisions were solely reliant on conventional factors like credit history, income, and debt. Instead, a more intricate and holistic approach is emerging, revolutionizing how lenders assess creditworthiness. Take a look at how lenders leverage this information goldmine and what the future holds for its application. https://bit.ly/4aDqM9n

What inquiries should be made during a credit visit with the borrower? The discussion can be segmented into five key areas: 1. Borrower Background: - Family background and management structure of the business - Business inception and borrower's experience - Overview of group firms, turnover, and debt - Additional income sources, residence details, and factory ownership 2. Business Model: - Product nature, industry trends, and margins - Customer and supplier details, payment terms, and key stakeholders - Manufacturing process, machinery, workforce, and production capacity - Inventory management, raw material pricing, and distribution methods 3. Funding Analysis: - Planned expansions, additional capital needs, and working capital adjustments - Existing debts and their purposes - Reasons for considering a switch in banks and current bank performance 4. Asset Evaluation: - Collateral offered to existing and proposed banks - Net worth, including personal assets and their values 5. Resolution and Site Visit: - Addressing queries regarding finances and banking - Conducting a factory visit to verify discussed figures #creditunderwriting #credit #business #linkedin Gaurav Sharma